Cypress Wealth Services LLC Boosts Holdings in iShares Gold Trust (NYSEARCA:IAU)

Cypress Wealth Services LLC grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 245.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,510 shares of the exchange traded fund’s stock after purchasing an additional 18,825 shares during the quarter. Cypress Wealth Services LLC’s holdings in iShares Gold Trust were worth $1,313,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of IAU. Flywheel Private Wealth LLC purchased a new position in iShares Gold Trust during the fourth quarter worth $1,581,000. Essex Savings Bank boosted its stake in shares of iShares Gold Trust by 9.5% during the fourth quarter. Essex Savings Bank now owns 9,091 shares of the exchange traded fund’s stock valued at $450,000 after acquiring an additional 791 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its position in iShares Gold Trust by 3.9% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 9,024 shares of the exchange traded fund’s stock worth $447,000 after purchasing an additional 337 shares in the last quarter. Silvia Mccoll Wealth Management LLC raised its stake in iShares Gold Trust by 60.2% in the 4th quarter. Silvia Mccoll Wealth Management LLC now owns 17,741 shares of the exchange traded fund’s stock valued at $878,000 after purchasing an additional 6,670 shares during the last quarter. Finally, CPR Investments Inc. purchased a new position in iShares Gold Trust in the 4th quarter valued at about $669,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 0.7 %

iShares Gold Trust stock opened at $51.25 on Friday. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $52.69. The firm’s 50-day moving average is $49.86 and its two-hundred day moving average is $48.64.

iShares Gold Trust Profile

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust.